Risk of Financing Constraints Due to Financial Market Turmoil and Credit Rating Downgrades
First written in FY2016. 18 of 24 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 15 of 58 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Based on several emergency scenarios, including disruptions in financial markets, we have secured sufficient liquidity as of the end of the period to cover the funding needs of the Company and its subsidiaries, as well as funds for borrowings and bond redemptions due within one year, centered on cash and deposits and the following long-term committed lines with major financial institutions in Japan and overseas, with total limits of US$1,210 million and ¥285 billion.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,210 million and ¥285 billion, and the absence of drawdowns continue. - FY2025-H1RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the interim consolidated accounting period. As of the end of the interim consolidated accounting period, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,210 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the interim consolidated accounting period.」
The policy of maintaining sufficient liquidity based on assumed emergency scenarios, committed lines of US$1,210 million and ¥285 billion, and the absence of drawdowns continue. - FY2024-Q3RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the third quarter. As of the end of the third quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,210 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the third quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines of US$1.21 billion and ¥285 billion, and the absence of drawdowns continue. - FY2024-Q2RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the second quarter. As of the end of the second quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,210 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the second quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines of US$1,210 million and ¥285 billion, and the absence of drawdowns continue. - FY2023-Q2RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the second quarter. As of the end of the second quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,210 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the second quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines of US$1,210 million and ¥285 billion, and the absence of drawdowns continue. - FY2023-Q1RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the first quarter. As of the end of the first quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,210 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the first quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines of US$1,210 million and ¥285 billion, and the absence of drawdowns continue. - FY2022-Q3Reduction in US dollar-denominated committed linesAnnual report
「As of the end of the third quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,210 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the third quarter.」
The US dollar-denominated committed lines decreased from US$1,260 million in the previous quarter to US$1,210 million. The yen-denominated facility remained at ¥285 billion, with no drawdowns. - FY2021-Q2Increase in yen-denominated committed linesAnnual report
「As of the end of the second quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥285 billion, but had made no borrowings under these committed lines as of the end of the second quarter.」
The US dollar facility remained at US$1,260 million, while the yen-denominated facility increased from ¥265 billion at the end of the previous period to ¥285 billion. There were no drawdowns, and liquidity remained secured. - FY2020Securing liquidity while reducing yen-denominated committed linesAnnual report
「Based on several emergency scenarios, including disruptions in financial markets, we have secured sufficient liquidity as of the end of the period to cover the funding needs of the Company and its subsidiaries, as well as funds for borrowings and bond redemptions due within one year, centered on cash and deposits and the following long-term committed lines with major financial institutions in Japan and overseas, with total limits of US$1,260 million and ¥265 billion.」
The US dollar facility remained at US$1,260 million, while the yen-denominated committed lines decreased from ¥425 billion in the previous period to ¥265 billion. There were no drawdowns through the filing date. - FY2020-Q3RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the third quarter. As of the end of the third quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥425 billion, but had made no borrowings under these committed lines as of the end of the third quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥425 billion, and the absence of drawdowns continue. - FY2020-Q2RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the second quarter. As of the end of the second quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥425 billion, but had made no borrowings under these committed lines as of the end of the second quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥425 billion, and the absence of drawdowns continue. - FY2020-Q1RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the first quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥425 billion, and the absence of drawdowns continue. All credit ratings were described as having a stable outlook. - FY2019-Q3RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the third quarter. As of the end of the third quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥425 billion, but had made no borrowings under these committed lines as of the end of the third quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥425 billion, and the absence of drawdowns continue. Credit ratings were also described as having a stable outlook. - FY2019-Q2RestatedAnnual report
「As of the end of the second quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥425 billion, but had made no borrowings under these committed lines as of the end of the second quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥425 billion, and the absence of drawdowns continue. - FY2019-Q1RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the first quarter. As of the end of the first quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥425 billion, but had made no borrowings under these committed lines as of the end of the first quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥425 billion, and the absence of drawdowns continue. - FY2018Decrease in yen-denominated committed linesAnnual report
「Based on several emergency scenarios, including disruptions in financial markets, we have secured sufficient liquidity as of the end of the period to cover the funding needs of the Company and its subsidiaries, as well as funds for borrowings and bond redemptions due within one year, centered on cash and deposits and the following long-term committed lines with major financial institutions in Japan and overseas, with total limits of US$1,260 million and ¥425 billion.」
The US dollar facility remained at US$1,260 million, while the yen-denominated facility decreased from ¥445 billion to ¥425 billion. There were no drawdowns through the filing date. - FY2018-Q3RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the third quarter. As of the end of the third quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥445 billion, but had made no borrowings under these committed lines as of the end of the third quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥445 billion, and the absence of drawdowns continue to be reported. - FY2018-Q2RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the second quarter. As of the end of the second quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥445 billion, but had made no borrowings under these committed lines as of the end of the second quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios, committed lines totaling US$1,260 million and ¥445 billion, and the absence of drawdowns continue to be reported. - FY2018-Q1RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the first quarter. As of the end of the first quarter, we had entered into multiple committed lines immediately available for borrowing, with total limits of US$1,260 million and ¥445 billion, but had made no borrowings under these committed lines as of the end of the first quarter.」
The policy of maintaining liquidity based on assumed emergency scenarios remains in place. Committed lines amounted to US$1,260 million and ¥445 billion, and there were no drawdowns. - FY2017MitigatedAnnual report
「With respect to liquidity, we monitor liquidity risk based on several emergency scenarios, including disruptions in financial markets. We secure sufficient liquidity to cover the funding needs of the Company and its subsidiaries, as well as funds for borrowings and bond redemptions due within one year, primarily through cash flows from operating activities, borrowings from financial institutions with which we have established good relationships, bond issuance in the capital markets and commercial paper issuance, with the funds deposited at highly creditworthy financial institutions that have generally received high ratings from credit rating agencies.」
At the end of the period, unused committed lines totaled US$1,260 million and ¥445 billion, and there were no drawdowns through the filing date. The US dollar facility increased from US$1,200 million as reported in the previous quarter. - FY2017-Q3RestatedAnnual report
「With respect to liquidity, we have historically worked to maintain the necessary level of liquidity based on several emergency scenarios, including disruptions in financial markets, and continued to maintain sufficient liquidity as of the end of the third quarter.」
The policy of maintaining sufficient liquidity based on assumed emergency scenarios remains in place. At the end of the third quarter, total committed lines amounted to US$1,200 million and ¥445 billion, and there were no drawdowns. Although some credit ratings were described as having a negative outlook, this filing does not indicate any material change in funding risk. - FY2017-Q2RestatedAnnual report
「With regard to liquidity, the company has long worked to maintain the necessary level of liquidity based on several emergency scenarios, including financial market turmoil, and continues to hold sufficient liquidity as of the end of the second quarter.」
The policy of maintaining sufficient liquidity based on assumed emergency scenarios remains in place. As of the end of the second quarter, total committed lines amounted to US$1,200 million and ¥445 billion, and there were no drawdowns. - FY2017-Q1RestatedAnnual report
「With regard to liquidity, the company has long worked to maintain the necessary level of liquidity based on several emergency scenarios, including financial market turmoil, and continues to hold sufficient liquidity as of the end of the first quarter.」
The company continued its policy of maintaining liquidity in preparation for financial market turmoil and other contingencies, and stated that it held sufficient liquidity at the end of the first quarter. - FY2016First statedAnnual report
「If financial markets become turbulent, financial institutions reduce lending, or the company's credit ratings are substantially downgraded by rating agencies, the company may face funding constraints, including an inability to obtain the necessary funds when needed on desired terms, and funding costs may increase, potentially adversely affecting its operating performance and financial condition.」
For liquidity purposes, the company had committed lines of credit available for immediate borrowing of up to US$1,100 million and ¥445 billion.